With Ernst & Young, OBG looks at some of Jordan’s significant economic reforms, many of which were designed to stimulate growth and increase the flow of foreign direct investment into the country.
In addition to details of corporate and personal income tax, this chapter includes a viewpoint with Bishr Baker, Managing Partner at Ernst & Young, Jordan and Iraq.
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Articles & Analysis | Tax development: New rules for the economy include indirect transfer of shares, derivative agreements, export of services and rates from The Report: Peru 2012
Over the last 10 years the Peruvian economy has shown a significant upward trend which has been mainly reflected in a sustained year-on-year GDP growth. In 2010, Peru’s GDP increased by 8.8%, ending a decade long period of growth with an average of 5.7%. According to the data and forecasts released by the Central Reserve Bank of Peru, in 2011 the...
Interviews & Viewpoints | Miguel Mur, Latin America Tax Leader, PwC, on the new tax regime for the mining industry in Peru from The Report: Peru 2012
US magazine Forbes rates Peru as the second best country to do business in Latin America. The rating comes as no surprise considering the excellent growth opportunities that the Andean nation provides, and nowhere is this more true than in the mining industry.
Articles & Analysis | Corporate taxation: A look at the rules regulating business from The Report: Peru 2012
CORPORATE INCOME TAX: Companies incorporated in Peru are considered as domiciled entities for income tax purposes and, therefore, are subject to income tax at a rate of 30% on net taxable income determined on a worldwide basis. Branches, agencies and permanent establishments incorporated in Peru of non-...
Articles & Analysis | New principles: The updated commercial code will boost transparency and auditing standards from The Report: Turkey 2012
The present Commercial Code – the basic law governing companies – has been in force since 1957 almost without modification. Its replacement has now been enacted and comes into force in stages. The first main stage is expected to be implemented on July 1, 2012.
Articles & Analysis | Legal liabilities: Ins and outs of Turkish tax law from The Report: Turkey 2012
RESIDENCE: Residents are fully liable under the Turkish tax system: that is, they pay taxes based on their worldwide income. Non-residents have limited liability and are subject to tax on their business earnings derived in Turkey.